Field Force Automation Market size Price Analysis 2021, Size, Share and Global Business Opportunities to 2027
Field Force Automation Market size Scenario:
The Field Force Automation Market size is enduring an exacting
period with its robust growth coming to an abrupt halt in light of the COVID-19
pandemic. MRFR report on the Field Force Automation Market size highlights the
future prediction and the growth alternatives that can be created.
Market
Research Future (MRFR) anticipates favorable prospects for the Field Force Automation Market size 2020 as it can
record a 15.2% CAGR between 2020 and 2027 (analysis period). By 2027, global
the market can expect to touch USD 3.05 billion, believes MRFR. We will provide
COVID-19 impact analysis with the report, combined with the key developments
that took place following the coronavirus disease outbreak. The aspect of economies of scale remains the top focus for various
businesses. This has led to higher adoption of field force automation among
businesses that desire to boost their economies of scale, with an increasing
number of business leaders embracing field force automation and implementing it
in their back as well as front offices for intelligent dispatching and
tracking, efficient logistic management, filed force management, preventive
maintenance management and secure real-time communication.
The leading contenders in the field force
automation industry are focused on the development of the user interface within
their handheld devices. Apart from this, the need for customized handheld
devices to bring down the timelines and boost the efficiency has been a top
priority for the player, which favors the market growth. Moving forward, the
surge in collaborations and agreements between top firms is expected to benefit
the market as well, while the companies are expected to gain a higher number of
customers in the process.
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Competitive Outlook:
·
The segmental review of the field force automation industry
comprises component, deployment, organization size and vertical.
·
The various components reviewed in the study include solution as
well as services. In 2018, the solution segment did better than its
counterpart. But it is projected that the service segment can attain a higher growth
rate in the ensuing period.
·
The key deployment-based segments are on-premise as well as
cloud-based solution. Since 2018, the on-premise solution has remained the top
segment in the market. However, the cloud-based solution can outpace the
former’s growth by achieving a better growth rate during the appraisal
period.
·
The ranges on the basis of organization size are large enterprises
and SMEs OR small and medium sized enterprises. The higher CAGR is expected to
be procured by the small and medium sized enterprise segment over the
conjectured period.
·
The key verticals that extensively use field force automation are
energy and utilities, transportation and logistics, healthcare, IT and
telecommunication, manufacturing, and more.
Regional
Analysis:
Field Force
Automation Market size size has been captured in the MRFR study with respect to
Asia Pacific/APAC, Europe, South America, MEA/ Middle East & Africa and
North America,
North America
has remained the worldwide leader and can continue leading the Field Force
Automation Market size. The attractive market growth prospects in the region is
the result of the rising automation trend in several enterprises, especially
across the US and Canada. The fast adoption rate of cloud-based solutions along
with the emerging trend of bring your own device/BYOD among enterprises can
increase the demand for field force automation solutions in the region.
Europe has
filled the second position in the global market, with the leading countries
identified as Germany, the UK, Spain, Italy and France. MRFR expects the UK to
gain the highest momentum in the region market, with Germany and France
securing the second and third spots, respectively. The deployment of field
force automation solutions is quite high in industries like manufacturing,
retail, IT & telecommunication and more in the region. A mounting number of
solution providers in Europe offer the latest solutions that cater to the field
sales force management needs across various verticals, which has intensified
the competitiveness in the market.
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Table
of Contents:
1.
Executive Summary
2.
Market Introduction
2.1. Definition
2.2. Scope Of The Study
2.3. Market Structure
3.
RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
Continued….
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Business that relies on a sales team requires a field service software. It is simple to provide an interaction between the manager of a sale and the sale's personnel.
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